Kevin Charles

Kevin Charles

Answered

2022-10-15

Suppose that the dividend yield for a certain stock was 6% in 2017. if you purchased 40 shares ata price of $40 per share at the beginning of 2017 and kept your shares until the end of the year, what was your individual dividend for the year

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Answer & Explanation

Marlene Welch

Marlene Welch

Expert

2022-10-16Added 23 answers

Assuming the face value of each share to be $ 10, the dividend is $ 10 6 100 = $ 0.60 per share. Then the individual dividend for the year, on 40 shares is 40 $ 0.60 = $ 24.00

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